board of directors
February 11, 2020 Occasional Contributors Board of Directors, Process and Responsibilities, Not for Profit,
An effective board of directors is key to the success of any charity or not-for-profit entity. A frequent concern is what to do about directors who, for whatever reason, are no longer appropriate for the organization.
board of directors, board vacancies, director removal, directors, directors and officers, Societies Act
August 14, 2019 Drache Aptowitzer LLP Board of Directors, Process and Responsibilities, Business and Legal Issues, Corporate Administration and Legal Matters, Corporate Governance, Not for Profit, Records Management and Retention,
As lawyers, we are often contacted when a dispute arises amongst members of an association. Inevitably, the dispute will devolve into a review of the legality of the actions of one or both sides
board of directors, books and records, corporate memory, corporations, dispute, education of directors, maintaining Corporation, member disputes, not–for–profit
March 18, 2019 Norman D. Marks, CPA, CRMA Business and Legal Issues, Corporate Administration, Finance and Accounting, Leadership and Management, Payroll and Personnel Management
Rather than trying to make sure themselves that everything is right, the board should focus its limited time on gaining comfort that it has the right management team in place, a team capable of getting things right.
board of directors, internal audit, management team, staffing and management, training and development
February 6, 2019 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Board of Directors, Process and Responsibilities, Charities, Corporate Administration, Corporate Administration and Legal Matters, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Financial Management, IT, Privacy and Security, Not for Profit
There are increasing pressures on not-for-profit boards to implement effective governance practices. The growth in the sector and the increase in financial, cybersecurity, and other risk factors have fuelled pressures on not-for-profits to be more accountable to its members, donors and other stakeholders.
Apolone Gentles JD CPA CGA, board governance, board of directors, charitable corporation, charities, corporate governance, governance, governance practices, non-profits, not-for-profit corporations
June 27, 2018 Norman D. Marks, CPA, CRMA Board of Directors, Process and Responsibilities, Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management, Not for Profit, Payroll and Personnel Management, Sales, Marketing and Operations
This article looks at the Board’s involvement in managing enterprise culture. In the corporate context, culture is a system of values, beliefs and behaviors that shape how things get done within the organization.
board of directors, business, corporate culture, enterprise culture, Internal Controls, managing culture, organizational dysfunction, risk
June 12, 2018 Occasional Contributors Board of Directors, Process and Responsibilities, Charities, Corporate Administration and Legal Matters, Financial Management, Not for Profit
Serving as a director of a charity or NPO can be an enriching and exhilarating experience. Many Canadians contribute to the betterment of their community by the hours volunteered when serving on a board of directors. However, there are some things to watch out for before joining a charity’s board of directors.
board of directors, directors and officers liability insurance, directors of charities and donors, fundraising, fundraising legislation, fundraising rules, income tax for charities, NPO, The audit process for charities
October 17, 2017 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management
Court limits ability to refuse a proposal based on “personal grievance” exemption… The Court gave some considerations on the shareholders fundamental right to call meetings, on how to differentiate between “personal grievances” that are not properly matters for a shareholder meeting, and the business and affairs of the company, which are proper matters.
board of directors, business and affairs of the company, business judgment, dissident shareholders, fundamental right to call meetings, Internal Controls, management entrenchment, personal grievance, shareholder meeting, shareholder resolution, shareholders
October 16, 2017 Drache Aptowitzer LLP Board of Directors, Process and Responsibilities, Business and Legal Issues, Charities, Corporate Administration and Legal Matters, Corporate Governance, Leadership and Management, Not for Profit
Directors simply cannot benefit from the property of a charity whether registered or not, either directly or indirectly. This article explains why and details recent amendments to Ontario’s rules to allow charities to pay directors for goods and services rendered.
Adam Aptowitzer, benefit from the property of a charity, board of directors, Canada Revenue Agency CRA, Charities Accounting Act, conflict-of-interest, consent, court approval for director payment, Director and Trustee restrictions, directors, Drache Aptowitzer LLP, goods and services rendered, Income Tax Act, ontario, payment of directors, Public Guardian and Trustee, Registered charities
April 17, 2017 Occasional Contributors Board of Directors, Process and Responsibilities, Business and Legal Issues, Corporate Administration and Legal Matters, Leadership and Management, Not for Profit
A recent decision of the Ontario Superior Court of Justice addresses directors’ duties towards the corporation and its employees. Specifically, the court addressed whether a director or officer’s fiduciary duties extend to protecting an employee from the consequences of that employee’s own fraudulent acts.
board of directors, common law negligence, director, duty of care, Duty of loyalty, fiduciary duty, negligence, officer, Ontario Psychological Association v. Mardonet, reasonable standard of care
August 3, 2016 Occasional Contributors Accounting Systems and Controls, Backup and Disaster Planning, Board of Directors, Process and Responsibilities, Business and Legal Issues, Corporate Administration, Corporate Administration and Legal Matters, Corporate Governance, E-Commerce, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Not for Profit, Privacy Compliance and Management, Records Management and Retention, Sales, Marketing and Operations, Systems and Data Management
Sooner or later, every enterprise will face a crisis. When it hits, the ability to side-step disaster depends on the effectiveness of your company’s response. Preparedness and oversight of crisis management is a key responsibility of the board of directors.
board of directors, corporate directors, crisis management, crisis management planning, preparing for crises, responding to crises, safeguarding organization’s reputation, The Board’s Role in Crisis Management
June 1, 2016 Occasional Contributors Board of Directors, Process and Responsibilities, Business and Legal Issues, Charities, Corporate Administration, Corporate Administration and Legal Matters, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management, Not for Profit
I think we all know that the board is supposed to have a majority of independent directors (at least in public companies) and to challenge the executives running the organization. That is what “oversight” means. But the board is also supposed to work with those same executives, sharing their insights and experience to complement that […]
board of directors, CEO/CFO, challenge management, Executives, independent directors, management team, professional skepticism, risk management, the risk to the board
April 13, 2016 Drache Aptowitzer LLP Board of Directors, Process and Responsibilities, Charities, Corporate Administration and Legal Matters, Corporate Governance, Financial Management, Not for Profit, Volunteers and Employee Relations
While directors’ fiduciary obligations in the for profit sector has been the subject of considerable academic writing and, indeed, lawsuits, the principles that inform directors conduct and responsibility in that sector apply equally to the not for profit sector. We can expect to see a growing trend by which directors of not for profit organizations […]
board of directors, directors managing the organization as volunteers, directors’ fiduciary obligations, Directors’ responsibilities, failure and revocation of charitable status, Imagine Canada, management
May 5, 2014 Jeffrey Sherman Accounting Systems and Controls, Business and Legal Issues, Corporate Administration, Corporate Administration and Legal Matters, Corporate Governance, Finance and Accounting, Fraud and Corruption, Leadership and Management, Not for Profit
In COSO’s updated Internal Control – Integrated Framework, one of the 17 principles they present is that the organization holds individuals accountable for their internal control responsibilities in the pursuit of objectives. Have you considered how your control system enforces accountability?
accountability, achieving objectives, authorities, board of directors, corrective action, COSO, disciplinary action, ethical conduct, evaluating performance, excessive pressures, holding individuals accountable, ICIF, Internal Control: Integrated Framework, Internal Controls, legal compliance, performance evaluation, performance incentives, performance measures, performance rewards, points of focus, responsibilities, responsible business conduct, standards of conduct, structures
September 14, 2012 Ron Richard Corporate Governance, Finance and Accounting, IT, Privacy and Security, Not for Profit
Typically, the stewardship responsibilities of a board of directors include the identification of an organization’s principal risks, the implementation of systems to manage them, and the integrity of internal control and management information systems. Typically, an internal audit function plays a key role in assessing and reporting on these areas.
assessing and reporting, audit committee, board of directors, Canadian Institute of Chartered Accountants, chief audit executive, CICA, internal audit, internal control, internal quality assurance reviews, management information systems, organization’s principal risks, performance measures, risk management, stewardship responsibilities
